Curve founder Michael Egorov sells 469000 CRVs at a loss of over 54%

Odaily Planet Daily News: According to Spot On Chain monitoring, Curve founder Michael Egorov (@ newmichvill) sold 468769 CRVs for $0.508 each about 9 hours ago, earning 238171 USDC. Prior to this, on December 17-18, 2023, he had purchased 1.226 million CRVs (totaling approximately $1.37 million) at an average price of $1.114. Based on the current selling price, its investment loss is 54.6%, with a loss amount of approximately $745000.